The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street across the finish line of another losing week.
The S&P 500 fell 0.9% Friday to close out its third straight losing week. The Nasdaq composite tumbled 2%. The Dow Jones Industrial Average, which has less of an emphasis on tech, was an outlier and rose 0.6%.
The market’s worst performers included several stocks that had been its biggest stars. Super Micro Computer lost more than a fifth of its value. Nvidia was the single heaviest weight on the S&P 500.
On Friday:
The S&P 500 fell 43.89 points, or 0.9%, to 4,967.23.
The Dow Jones Industrial Average rose 211.02 points, or 0.6%, to 37,986.40.
The Nasdaq composite fell 319.49 points, or 2%, to 15,282.01.
The Russell 2000 index of smaller companies rose 4.70 points, or 0.2%, to 1,947.66.
For the week:
The S&P 500 is down 156.18 points, or 3%.
NWSL champion Gotham FC sign German goalkeeper Ann
Queen Letizia and King Felipe arrive at funeral of Fernando Gomez
CONTRIBUTIONS STANDARD TERMS AND CONDITIONS
From deep sadness to dazzling pomp, 15 key revelations from the must
US House passes controversial surveillance bill on 4th attempt
Thomas Kingston dies aged 45: How the royal family will form a tight circle of support around much
Queen Camilla could stand in for King Charles at the 80th anniversary of D
'Bluey' hits the mark with children and adults alike
'The King and Prince William now face a serious problem'
Taylor Swift's winning streak continues as she breaks record for most pre
In Charles and William's absence, the little